Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
2.7.2023
The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network
PolyNetwork Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack
2.7.2023
An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions
Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance Level – How High Can BTC Go This Week?
2.7.2023
Bitcoin's price currently stands at $30,558, experiencing a slight drop of nearly 0.50% on Sunday.
The recent rejection of Bitcoin spot-price ETF applications by the US SEC surprised bullish investors hoping to maintain Bitcoin's price above $31,000.
In other news, Cboe has resubmitted Spot...
Vitalik Buterin declares he is not staking all of his ETH, merely a 'small portion’
2.7.2023
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig – which are still “fairly difficult” to set up
Bittrex challenges SEC's authority in crypto lawsuit, seeks dismissal
2.7.2023
Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange
China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals
2.7.2023
According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected...
June 2023 Mining Stats: Bitcoin Hashrate and Difficulty Reach New Peaks While Revenue Lags
2.7.2023
Over the past 30 days, bitcoin miners discovered 4,324 block rewards during the month of June, with approximately 37 mining pools dedicating hashrate to the blockchain. The blockchain achieved two milestones in June, as the network reached an all-time high in hashrate on June 11, and three days...
Argentina Allows Banks to Open Yuan Accounts — Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar
2.7.2023
The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging...
Hong Kong establishes task force to advance Web3 development
2.7.2023
The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement
Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts
2.7.2023
The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law on SEC positions and quit the personal attacks on the...
Bank of America Forecasts Transformative Role of Tokenization in Finance
2.7.2023
According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years.
The report highlights the transformative power of tokenization and its wide-ranging implications...
Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs
2.7.2023
On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.
This decentralized global payments network aims to streamline cross-border transactions for businesses worldwide. By utilizing...